Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
When Opening an SEP IRA is it possible to put stock in it?
When Opening an SEP IRA is it possible to put stock in it? Can I transfer stock from my SEP to an IRA or Roth IRA? Does the account have to be started with cash? I put too much in my SEP so I have to … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
If you did not put yourself on payroll in 2017, but took out
If you did not put yourself on payroll in 2017, but took out some distributions, could you still set up SEP IRA for 2017? Or do you have to put yourself on payroll to be eligible for SEP IRA? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I have an s-corp, how much can i contribute for tax year
Hi I have an s-corp, how much can i contribute for tax year 2017? Also, i have seceral iras and learned the hard way that a sepIra was bad advice from my accountant! simple IRA or traditional? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Self employed person (no employees) was set up for automatic
Self employed person (no employees) was set up for automatic monthly contributions to her SEP plan during 2016. When she prepared her 2016 tax return in April 2017, her CPA determined that there was a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
My daughter makes over 200K /yr and I've sugested a SEP IRA
My daughter makes over 200K /yr and I've sugested a SEP IRA because I read she could place up to 54K ,write that of due to deferred status. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,388 satisfied customers
Sole owner(schC) has issued a w2 to himself preventing him
sole owner(schC) has issued a w2 to himself preventing him from deducting 12000 dollars self employed sep. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I was self employed Jan - Feb in 2015. In March - August
I was self employed Jan - Feb in 2015. In March - August 2015 I had a W2 job. I don't recall whether my employer offered a 401K or not but if they did I didn't take advantage of it. In August and Sept… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
SEP IRAs. My name is ***** ***** I am currently employ
SEP IRAs. My name is ***** ***** I am currently employ for a company where I maxed out my 401k. Beside my full time work, I also do consulting on the side. My questions to you is: Can I still still co… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I retired from federal government employment this year. I had
I retired from federal government employment this year. I had been using the Federal Thrift Savings Plan to defer income, which allowed me to defer up to $22,500 per year. Now that I am retired I can … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
SEP_IRA, a am self employed, single 27 years here in california,
SEP_IRA, a am self employed, single 27 years here in california, own my house mortgage, made $100k gross in 2012. need to know best way for me to open sep IRA or regular personal roth ira, I have read… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
My sole proprietorship has received $200,000 in compensation
My sole proprietorship has received $200,000 in compensation for services this year, but half of it is in the form of stock. Can I still contribute 25% of this $200k to a SEP IRA?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I do not have a 401k at my work, therefore I am considering
I do not have a 401k at my work, therefore I am considering going out on my own as a self employed individual so I can take greater advantage of a sep-ira versus the regular ira tat I can only contrib… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Facts -Married & file jointly -Both husband and I have W-2
Facts -Married & file jointly -Both husband and I have W-2 income. -Husband belongs to and contributes to his company's 401(k) plan. -I do not have a company retirement plan -For the past 3 years, I n… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I have an old conventional IRA started 30 years ago. I am
I have an old conventional IRA started 30 years ago. I am self employed and have a SEP IRA for my self and my office employees. Can I contribute to both and are there any limitations?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
If I have earned income as well as self employed income, can
If I have earned income as well as self employed income, can I have both a standard ira as well as a SEP IRA ? If so, do contributions to one offset allowable contributions to the other?… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
What if you had two tax deferred accounts a sep ira to which
What if you had two tax deferred accounts: a sep ira to which you had excess contributions and an employer sponsored (401k or 457?) that you contributed much less than the limit. do you owe tax on the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I am an employee of company X. Company X provides me with
I am an employee of company X. Company X provides me with a 401(k) plan that I contribute $15,500 to. Company X also matches my contributions. Let's say their match is $10K. In addition to my employme… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Im married and filing jointly. Both me and my spouse made
I'm married and filing jointly. Both me and my spouse made the maximum traditional IRA contribution. In 2008, our MAGI high enough that if either spouse participated in an employer retirement plan no … read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x